Going to buy Bitcoin (BTC) or Polygon (MATIC)

Technical analysis report updated on 28/11/2022

Introduction to the history of two cryptocurrencies

Bitcoin development history

Bitcoin (BTC) coins were recorded by Coin Market Cap system on April 28, 04.

Currently, on the Bitcoin market, it is possible to exchange for 9860 other digital currencies.

Bitcoin is currently ranked 1st on the cryptocurrency rankings by market cap

Polygon's development history

The Polygon (MATIC) coin was recorded by the Coin Market Cap system on April 28, 04. If compared with Bitcoin, this coin was born later

Currently on the market, Polygon coins can be exchanged for 533 other digital currencies (This number is only 0.05% compared to Bitcoin)

Polygon is currently ranked 10th on the cryptocurrency rankings by market cap

Information worth referencing

Information investors should know

Comparison of the recent growth between Bitcoin and Polygon

Growth rate Bitcoin (BTC) Polygon (MATIC) Distance (BTC - MATIC)
Within 24 hours 0.25% 1.05% -0.81%
Within 7 days -0.19% 2.85% -3.04%
Within 30 days -20.12% -8.79% -11.33%
Within 60 days -15.22% 15.84% -31.06%
Within 90 days -18.55% 6.10% -24.64%

Analysis by growth

Trong khoảng thời gian 3 tháng gần đây đồng tiền Bitcoin đã giảm giá trị trầm trọng với -18.55%. Còn đối với đồng Polygon cũng trong 3 tháng gần đây đã có sự tăng trường đáng kể

Compare total supply value and market capitalization

Bitcoin (BTC) Polygon (MATIC)
Maximum total supply 21,000,000 10,000,000,000
Circulating supply 19,218,281 8,734,317,475
Total supply 19,218,281 10,000,000,000

* Note
Total circulating supply: Number of coins circulating in the market and in the hands of the public. It is similar to how stocks move in the stock market.
Maximum total supply: The maximum number of coins that will exist in the lifetime of the cryptocurrency. It is similar to fully diluted shares in the stock market.
Total supply: Number of coins created, minus any burned coins. It is similar to shares outstanding on the stock market.

Summary of reasons to buy Bitcoin or Polygon

Reasons to buy Bitcoin

Reasons not to buy Bitcoin

Reasons to buy Polygon

Reasons not to buy Polygon

General note for investors

These are specifications based analysis only

The technical specifications will be suitable for short-term investors, and profit from the investments With large and long-term investments you also need to do fundamental analysis i.e. read and understand more about the technicians, teams, investors behind that particular digital currency.

We do not make investment decisions for you

Automatic parameter analysis articles will help you have a multi-dimensional and easier to understand view than just looking at those with zero numbers.

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